Prudential: FDs 'appreciate' risks

Finance executives are reassigning their approaches to risk management, according to a report conducted by Prudential Financial.

Suggesting that this new outlook will assist the global economic recovery, a paper conducted by the wealth advisor entitled Rider on the Storm: CFOs and the Credit Crisis disclosed that corporations are beginning to appreciate the importance of risk management.

This assertion, if founded, could lead to an increased demand for interim executives experienced in the risk management industry to fill financial director positions in companies looking to recover from the recession.

Bernard Winograd, executive vice president of Prudential, explained that organisations now understand the consequences of ineffective risk controls.

He said: "Companies are facing up to the importance of effective risk management in a more holistic way than ever before."

Increased demand for finance directors in interim management positions could also be brought about by a rise in mergers and purchases as outlined by Deloitte last month.

The consultancy firm explained that optimism among these executives has reached its highest level since August 2007.